SC Thrive

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Tricia Richardson

Phone

8007268774

Tax Period

2024-01-01 to 2024-12-31

SC Thrive, founded in 2013, is a community nonprofit in the Science & Technology sector that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $7.8M left a modest 3% surplus.

Mission

The organization leads South Carolinians to stability by providing innovative and efficient access to quality of life resources.

Program Service Accomplishments

Program 1

Expenses: $6,975,943 Revenue: $450,125

Provide training and access to innovative resources and tools to give people in South Carolina the opportunity to improve their financial well being, health and household stability.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,476,163

Program Service Revenue $450,125

Investment Income $87,724

Other Revenue $49,933

TOTAL REVENUE $8,063,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,163,680

Fundraising Expenses $76,407

Program Expenses $6,975,943

Other Expenses $4,644,746

TOTAL EXPENSES $7,808,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,063,945	$6,506,321	+0.2%
Expenses	$7,808,426	$6,455,968	+0.2%
Net Income	$255,519	$50,353	+4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$690,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tricia Richardson	CEO	45.00	Officer	$241,112	$38,569	$279,681
Allie Boykin	CFO	45.00	Officer	$183,070	$29,152	$212,222
Stephanie McGuire	CDO	45.00	Officer	$169,270	$29,740	$199,010
Richard Moses	Comm Relations Off	45.00		$111,294	$13,475	$124,769
Anthony Hill	Director	1.00	Director	$0	$0	$0
Cathy Easley	Director	1.00	Director	$0	$0	$0
Lawrence Flynn	Director	1.00	Director	$0	$0	$0
Cullen Pitts	Director	1.00	Director	$0	$0	$0
Jody Chastain	Director	1.00	Director	$0	$0	$0
Woody Turner	Director	1.00	Director	$0	$0	$0
Tiffany Freeman-Holston	Secretary	1.00	Officer	$0	$0	$0
Juliette Bogus	Vice Chair	1.00	Officer	$0	$0	$0
David Splittgerber	Treasurer	1.00	Officer	$0	$0	$0
Quincy Halliday IV	Chair	1.00	Officer	$0	$0	$0
Sue-Ann Gerald Shannon	Chair Emeritus	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$8,063,945	$7,808,426	$9,563,640	$255,519
2023	$6,506,321	$6,455,968	$9,121,249	$50,353
2022	$6,795,403	$6,003,734	$9,419,358	$791,669
2021	$5,957,192	$5,612,205	$8,513,392	$344,987
2020	$10,176,300	$7,837,549	$9,801,270	$2,338,751
2019	$4,995,129	$4,119,199	$3,772,520	$875,930
2018	$4,355,571	$3,949,810	$3,110,086	$405,761